SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces an Investigation Involving Possible Violations of Federal Securities Laws ...
January 13 2016 - 11:25AM
Business Wire
Levi & Korsinsky announces it has commenced an investigation
of Skullcandy, Inc. (NASDAQ: SKUL) concerning possible violations
of federal securities laws by the Company and/or certain of its
officers and directors.
After the market closed on January 11, 2016, Skullcandy cut its
guidance for the fourth quarter, saying it expects fourth-quarter
earnings of $0.20-$0.22 a share, down from a previously-forecast
$0.38-$0.40 per share. Skullcandy cited “disappointing holiday
results, combined with the impact on gross margin from product mix
shift driven by a higher percentage of gaming headset sales during
the holiday season.” Upon this news, shares of Skullcandy fell from
a close of $4.55 on January 11, 2016, to close at $3.26 per share
the following day. To obtain additional information, go
to:
http://zlk.9nl.com/skullcandy-skul
or contact Joseph E. Levi, Esq. either via email at
jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877)
363-5972.
Levi & Korsinsky is a national firm with offices in New
York, New Jersey, California, Connecticut and Washington D.C. The
firm’s attorneys have extensive expertise in prosecuting securities
litigation involving financial fraud, representing investors
throughout the nation in securities and shareholder lawsuits.
Attorney advertising. Prior results do not guarantee similar
outcomes.
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version on businesswire.com: http://www.businesswire.com/news/home/20160113005906/en/
Levi & Korsinsky, LLPEduard Korsinsky, Esq.Tel:
212-363-7500Toll Free: 877-363-5972Fax: 212-363-7171www.zlk.com
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